Corus Entertainment (TSE:CJR.B) Stock Price Down 30.8% on Analyst Downgrade

Corus Entertainment Inc. (TSE:CJR.B)’s share price fell 30.8% on Tuesday after TD Securities lowered their price target on the stock from C$0.05 to C$0.01. TD Securities currently has a sell rating on the stock. Corus Entertainment traded as low as C$0.03 and last traded at C$0.05. 3,260,767 shares changed hands during mid-day trading, an increase of 1,402% from the average session volume of 217,086 shares. The stock had previously closed at C$0.07.

Separately, Royal Bank Of Canada decreased their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 38.5%

The firm’s 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.80.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets.